https://www.taxtmi.com/caselaws?id=295937 The Tribunal allowed the appellant company's claim for additional depreciation on plant and machinery for the assessment year 2009-10, overturning the disallowance made by the CIT(A). Relying on a previous favorable decision for the assessee in a similar matter, the Tribunal directed the AO to grant the additional depreciation. The judgment emphasized the importance of consistency in decisions and adherence to legal precedents in tax matters to ensure fair treatment for taxpayers. The appeal was decided in favor of the assessee, confirming the allowance of additional depreciation and dismissing other grounds as infructuous. en-us Wed, 09 Apr 2014 00:00:00 +0530 Sat, 26 Jun 2021 06:55:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295937 The Tribunal allowed the appellant company's claim for additional depreciation on plant and machinery for the assessment year 2009-10, overturning the disallowance made by the CIT(A). Relying on a previous favorable decision for the assessee in a similar matter, the Tribunal directed the AO to grant the additional depreciation. The judgment emphasized the importance of consistency in decisions and adherence to legal precedents in tax matters to ensure fair treatment for taxpayers. The appeal was decided in favor of the assessee, confirming the allowance of additional depreciation and dismissing other grounds as infructuous. Case-Laws Income Tax Wed, 09 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295937